Analysts expect Baidu Inc (NASDAQ:BIDU) to announce earnings of $1.99 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Baidu’s earnings, with the lowest EPS estimate coming in at $1.82 and the highest estimate coming in at $2.23. Baidu posted earnings of $1.91 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The business is scheduled to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Baidu will report full year earnings of $8.66 per share for the current financial year, with EPS estimates ranging from $7.68 to $9.22. For the next financial year, analysts forecast that the firm will report earnings of $8.96 per share, with EPS estimates ranging from $8.11 to $9.95. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Baidu.

A number of analysts recently issued reports on BIDU shares. OTR Global upgraded shares of Baidu to a “positive” rating in a research note on Wednesday, October 25th. Barclays set a $250.00 price target on shares of Baidu and gave the stock a “hold” rating in a research note on Thursday, October 19th. Jefferies Group lifted their price target on shares of Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Bank of America restated a “buy” rating and issued a $301.00 price target on shares of Baidu in a research note on Sunday, November 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $234.77.

Institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Baidu by 96.0% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 490 shares of the information services provider’s stock valued at $121,000 after acquiring an additional 240 shares during the period. Aviance Capital Management LLC acquired a new position in shares of Baidu during the second quarter valued at $124,000. Invictus RG acquired a new position in shares of Baidu during the third quarter valued at $193,000. Wellington Shields Capital Management LLC acquired a new position in shares of Baidu during the third quarter valued at $208,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of Baidu during the third quarter valued at $211,000. 63.95% of the stock is owned by institutional investors.

Shares of Baidu (BIDU) opened at $253.04 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The stock has a market cap of $87,860.00, a price-to-earnings ratio of 35.99, a P/E/G ratio of 1.51 and a beta of 1.89. Baidu has a 12 month low of $166.00 and a 12 month high of $274.97.

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About Baidu

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

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